Nissan full-year net profit more than halves to near-decade low

By afp.com - 14 May 2019

Crisis-hit Nissan on Tuesday revealed full-year net profits at a near-decade low and forecast a further decline as it battles to recover. Image: freepngimages

Crisis-hit Nissan on Tuesday revealed full-year net profits at a near-decade low and forecast a further decline as it battles to recover after the shock arrest of its talismanic former boss Carlos Ghosn.

The Japanese firm's bottom-line profit for the fiscal year to March fell 57.3 percent to 319.1 billion yen ($2.9 billion), the lowest since 2009-10 when the company was struggling in the wake of the global financial crisis.